Penns Woods Bancorp (NASDAQ:PWOD) Stock Rating Upgraded by StockNews.com

Penns Woods Bancorp (NASDAQ:PWOD) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, TheStreet downgraded Penns Woods Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 20th.

Penns Woods Bancorp Stock Performance

PWOD opened at $20.20 on Wednesday. The stock’s 50 day simple moving average is $19.55 and its 200-day simple moving average is $19.96. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock has a market cap of $152.11 million, a PE ratio of 9.27 and a beta of 0.47. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $27.59.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 14.79% and a return on equity of 8.61%. The firm had revenue of $16.21 million for the quarter.

Insider Buying and Selling at Penns Woods Bancorp

In other news, Director Charles E. Kranich bought 1,400 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $20.09 per share, for a total transaction of $28,126.00. Following the completion of the purchase, the director now owns 37,552 shares of the company’s stock, valued at approximately $754,419.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Penns Woods Bancorp news, Director Charles E. Kranich bought 1,400 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $20.09 per share, for a total transaction of $28,126.00. Following the completion of the acquisition, the director now owns 37,552 shares of the company’s stock, valued at $754,419.68. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles E. Kranich purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average cost of $17.55 per share, with a total value of $52,650.00. Following the completion of the acquisition, the director now directly owns 35,052 shares of the company’s stock, valued at $615,162.60. The disclosure for this purchase can be found here. Insiders have bought a total of 8,305 shares of company stock worth $150,686 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Penns Woods Bancorp

Several hedge funds have recently modified their holdings of PWOD. BNP Paribas Financial Markets raised its position in Penns Woods Bancorp by 55.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,269 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Penns Woods Bancorp during the fourth quarter worth $201,000. Virtu Financial LLC acquired a new position in shares of Penns Woods Bancorp during the fourth quarter valued at $258,000. Evergreen Wealth Solutions LLC boosted its holdings in Penns Woods Bancorp by 14.6% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 17,805 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 2,274 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Penns Woods Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 1,750 shares during the period. 27.94% of the stock is owned by institutional investors.

Penns Woods Bancorp Company Profile

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. It accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking and individual retirement account (IRAs) accounts.